CETH
cETH
$0.00AUD
Market Cap
322.4M AUD
24H Trade Vol.
735 AUD
Total Supply
3.1M
All
1W
1M
1Y
Basic chart
Advanced chart
Price Changes
24H:
0.00%
7D:
0.00%
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Instant
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Purchase Amount
AUD
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Buy cETH

What is cETH?

cETH is a token that represents a stake in the Ether-based lending pool on Compound Finance, a decentralized finance (DeFi) project. It enables users to lend Ether (ETH) on the platform and earn interest in the form of cETH. As an ERC-20 fungible token, cETH can be freely traded and represents investment ownership rights within the Compound protocol.

How does cETH work?

cETH operates on the Ethereum blockchain, using smart contracts to facilitate the lending and borrowing of Ether. When users supply ETH to the Compound protocol, they receive cETH tokens in return. These tokens represent the user's share in the lending pool and accrue interest over time. The interest is reflected in the increasing exchange rate of cETH to ETH, allowing users to earn returns on their deposited Ether. Users can redeem their cETH at any time to retrieve their underlying ETH, along with any accrued interest.

What are the potential use cases for cETH?

  • Decentralized Lending and Borrowing: cETH is used within the Compound platform to facilitate Ether lending and borrowing in a decentralised manner.
  • Interest Earning: Holders of cETH earn interest on their Ether holdings, making it a tool for passive income through interest accumulation.
  • Liquidity Provision: cETH can be integrated into various DeFi protocols as a form of liquidity, aiding in the stability and operation of these platforms.
  • Stable Yield Generation: Investors, including institutional participants, can use cETH to generate stable yields on their investments in the DeFi ecosystem.

What is the history of cETH?

cETH was introduced as part of the Compound protocol, developed by Compound Labs, which was founded by Robert Leshner in 2017. This development aimed to democratise access to credit services through blockchain and DeFi technologies. cETH became available around mid-2020, enabling users to lend Ether on the Compound platform and earn interest. Since its inception, cETH has grown significantly, becoming a key asset in the DeFi space with broad integration across various DeFi applications and protocols.

Coin Contract Addresses

0x4ddc2d193948926d02f9b1fe9e1daa0718270ed5

Frequently Asked Questions (FAQs)